Hsbc Holdings PLC Makes New $2.32 Million Investment in First Financial Corporation Indiana $THFF

Hsbc Holdings PLC bought a new position in shares of First Financial Corporation Indiana (NASDAQ:THFF) in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 52,472 shares of the bank’s stock, valued at approximately $2,317,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of THFF. EverSource Wealth Advisors LLC boosted its position in shares of First Financial Corporation Indiana by 400.0% during the second quarter. EverSource Wealth Advisors LLC now owns 585 shares of the bank’s stock worth $32,000 after buying an additional 468 shares during the period. Allworth Financial LP acquired a new stake in First Financial Corporation Indiana in the 2nd quarter valued at approximately $34,000. Quantbot Technologies LP acquired a new stake in First Financial Corporation Indiana in the 2nd quarter valued at approximately $47,000. Smartleaf Asset Management LLC lifted its stake in First Financial Corporation Indiana by 135.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,396 shares of the bank’s stock valued at $85,000 after acquiring an additional 804 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in First Financial Corporation Indiana by 16.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,566 shares of the bank’s stock valued at $95,000 after acquiring an additional 216 shares in the last quarter. Institutional investors and hedge funds own 72.74% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on THFF shares. Raymond James Financial started coverage on shares of First Financial Corporation Indiana in a research note on Thursday, July 9th. They set a “market perform” rating for the company. Weiss Ratings reissued a “buy (a-)” rating on shares of First Financial Corporation Indiana in a research report on Friday, July 24th. Brean Capital cut shares of First Financial Corporation Indiana from a “buy” rating to a “neutral” rating and set a $90.00 target price for the company. in a report on Friday, August 7th. Keefe, Bruyette & Woods raised their target price on shares of First Financial Corporation Indiana from $78.00 to $84.00 and gave the company a “market perform” rating in a research report on Friday. Finally, Capital One Financial set a $90.00 price target on shares of First Financial Corporation Indiana in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, First Financial Corporation Indiana presently has an average rating of “Hold” and an average price target of $88.00.

First Financial Corporation Indiana Stock Performance

Shares of NASDAQ THFF opened at $79.24 on Monday. The stock has a 50 day moving average price of $78.46 and a 200 day moving average price of $70.65. First Financial Corporation Indiana has a 52 week low of $51.21 and a 52 week high of $84.17. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a market capitalization of $942.32 million, a PE ratio of 11.10 and a beta of 0.42.

First Financial Corporation Indiana (NASDAQ:THFF) last posted its quarterly earnings results on Tuesday, July 28th. The bank reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.79 by $0.12. The firm had revenue of $71.87 million during the quarter, compared to the consensus estimate of $72.84 million. First Financial Corporation Indiana had a return on equity of 13.02% and a net margin of 23.32%. Analysts predict that First Financial Corporation Indiana will post 7.59 earnings per share for the current fiscal year.

First Financial Corporation Indiana Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st were issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Wednesday, July 1st. First Financial Corporation Indiana’s payout ratio is presently 31.37%.

First Financial Corporation Indiana Company Profile

First Financial Corporation Indiana is a bank holding company headquartered in Terre Haute, Indiana, that offers a full suite of financial services to individuals and businesses. Through its subsidiary, First Financial Bank, the company provides traditional banking products including checking and savings accounts, certificates of deposit, and cash management solutions. It also offers consumer and commercial lending services ranging from residential mortgages and home equity lines of credit to working capital loans and equipment financing.

The company’s service offerings extend beyond core banking to include wealth management and trust services, retirement planning, and brokerage solutions.